District of Columbia's 2017D GO Bonds Rated 'AA', Other Ratings Affirmed; Outlook Is Positive

CHARLOTTESVILLE (S&P Global Ratings) Nov. 29, 2017--S&P Global Ratings has assigned its 'AA' rating to the District of Columbia's (D.C.) series 2017D general obligation (GO) bonds. At the same time, S&P Global Ratings affirmed its 'AA' rating on D.C.'s previously issued GO bonds. The outlook is positive. We base the GO rating on the District's full-faith-and-credit pledge. "The District's very strong economy and strong management are key credit strengths, in our view," said S&P Global Ratings credit analyst Lisa Schroeer. The rating reflects our assessment of the following factors for D.C.: Very strong economy, with access to a broad and diverse metropolitan statistical area (MSA); Strong management, with strong financial policies and practices under our Financial Management Assessment (FMA) methodology;

...CHARLOTTESVILLE (S&P Global Ratings) Nov. 29, 2017--S&P Global Ratings has assigned its '##' rating to the District of Columbia's (D.C.) series 2017D general obligation (GO) bonds. At the same time, S&P Global Ratings affirmed its '##' rating on D.C.'s previously issued GO bonds. The outlook is positive. We base the GO rating on the District's full-faith-and-credit pledge. "The District's very strong economy and strong management are key credit strengths, in our view," said S&P Global Ratings credit analyst Lisa Schroeer. The rating reflects our assessment of the following factors for D.C.: + Very strong economy, with access to a broad and diverse metropolitan statistical area (MSA); + Strong management, with strong financial policies and practices under our Financial Management Assessment (FMA) methodology; + Strong budgetary performance, with an operating surplus in the general fund and a slight operating surplus at the total governmental fund level in fiscal 2016; + Strong budgetary...

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